PepsiCo Expects Further Increases After Strong Rise in Revenue and Profit in 2024. Despite these positive prospects, CEO Ramon Laguarta cautioned against a slowing of growth. During the financial statement presentation in Purchase on Friday, he emphasized that growth would normalize in various sectors.

The consumers would gradually return to their pre-Corona buying behavior, and the inflationary tendencies would also subside.

For the current year, the group forecasts organic revenue growth of at least four percent, adjusted for currency and portfolio effects. Last year, PepsiCo recorded growth of 9.5 percent, while analysts had expected an average of 5.2 percent.

The adjusted earnings per share are also expected to continue to improve and increase by at least eight percent by 2024. This forecast is based on constant exchange rates and follows a 14 percent rise in 2023. A slowdown in growth has already become apparent in the fourth quarter of last year.

Revenue increased organically by 4.5 percent, while nominally it decreased by 0.5 percent to 27.85 billion US dollars (approximately 25.8 billion euros). This decrease disappointed analysts, who had expected a higher value.

In addition to the decline in sales, a decrease in product volume was also recorded.

Despite these developments, PepsiCo was able to record a significant increase in profit, which rose from 518 million US dollars in the previous year to 1.3 billion US dollars in the past quarter. However, this also took into account value adjustments from the previous year that had weighed on the company in Russia. The adjusted earnings per share increased by nine percent.

At the NASDAQ, PepsiCo's stock recorded a loss of 3.55 percent and closed at 167.67 US dollars. Despite these short-term developments, the company remains optimistic about the future and continues to focus on long-term growth.

The return to normal purchasing behavior by consumers and the easing of inflation will contribute to this growth, according to CEO Laguarta.